BlackLine strikes reseller agreement with SAP

Financial automation solution provider BlackLine has signed a deal with SAP to resell its cloud-based finance and accounting solutions.

“SAP has been a long-time partner; from very early on, they understood that organisations worldwide could close faster with more control, visibility and confidence by adding BlackLine to their SAP Financials offerings,” said Mario Spanicciati, chief strategy officer, Blackline.

“It’s a very powerful statement by SAP that they have now decided to sell and support our solution directly. We believe this new agreement represents an opportunity to expand our global footprint even further.”

According to BlackLine, its ERP-agnostic platform complements the functionality provided by SAP Financials solutions, including SAP S/4HANA Finance, by providing additional controls and automation for financial processes. Under the terms of the arrangement, SAP account executives will be able to sell BlackLine solutions worldwide with the same processes, contracts, incentives and conditions as the rest of the SAP portfolio. SAP will also provide customer support.

“We are excited to offer BlackLine’s cloud-based products to help businesses streamline the financial close process by replacing manual, error-prone accounting processes with a controlled, secure, end-to-end solution,” said Martin Naraschewski, senior vice president, general manager, head of line of business finance for SAP.

“This reseller agreement with BlackLine will make it easier than ever for SAP’s global customers to adopt and benefit from leading financial close technology.”